Imagine losing your best client. It’s easier than you think to lose your best clients, customers, or patients if you don’t properly protect their personal information. 28 percent of businesses said they had complete confidence in their firms’ ongoing ability to adhere to data privacy regulations.
Don’t think you are regulated? Every business is subject to at least one data breach regulation. If you take credit cards, have cyber insurance, or are in the healthcare, financial, or defense industries, you have even more requirements.
Violations or disregard can trigger hefty fines, costly legal battles and lasting injury to your reputation.
There’s a solution though - establishing a turnkey Compliance Management framework. This will help you retain your best clients, save time and money, reduce frustration, and avoid or reduce litigation and reputational brand damage due to policy breaches.
Let us help you with interactive assessments where we zero in on every non-compliance issue and suggest a Crawl, Walk, Run remediation strategy that fits your company.
With this strategy in your corner, you will not only significantly reduce the risk of a security breach but will also minimize compliance violations and the resulting financial impact on your industry reputation.
Cybersecurity doesn’t have to be overwhelming, expensive or complicated.
The first step to protecting your business is understanding your risk.
Our managed compliance solutions can help your business achieve and maintain its data security requirements, help streamline the ongoing compliance processes, and stay up to date with the complex and evolving data protection laws and regulations worldwide.
We can help you:
Identify security vulnerabilities through interactive network assessments where we involve your Staff.
Demonstrate due diligence or due care efforts mandated under the various industry and global standards with on-demand reporting and activity logs.
Provide the required documentation and records needed to complete and pass a compliance audit within a single, easy-to-use portal.
Help you fulfill the ongoing security and risk management tools and strategies needed to maintain a compliance environment as part of normal operations.
The Health Insurance Portability and Accountability Act or HIPAA, is a compliance standard that is designed to protect sensitive patient data. Any organization that deals with protected health information (PHI) is obligated to maintain and follow process, network and physical security measures in order to be HIPAA-compliant.
Concerns Associated With HIPAA Compliance
HIPAA violations attract hefty penalties.
Adequate training for handling PHI and dealing with malicious security attacks is critical.
It is imperative to have a Security Incident Response Plan (SIRP) in place to deal with a security event.
Professional assistance is required to handle the complexity of audits and to maintain the right documentation.
The General Data Protection Regulation or GDPR, is a regulatory standard according to which businesses are obligated to protect the privacy and personal data of European Union (EU) citizens for all transactions that are carried out within the EU member states. The GDPR standard is intended to unify and reinforce data protection for all individuals that reside within the EU and to control the export of personal data outside the EU.
Concerns Associated With GDPR Compliance
Businesses need to be prepared to adapt, test, maintain and demonstrate compliance with evolving GDPR requirements.
Non-compliant businesses are liable to pay hefty penalties and can also be temporarily or definitively banned.
Ambiguous terms and lack of clarity render GDPR compliance difficult to handle without professional assistance.
Cyber Insurance (Liability)
Cyber Liability is a type of insurance coverage that is designed to protect businesses against potential damages associated with cybercrime such as ransomware and malware attacks. It is a customizable solution for businesses to mitigate specific risks associated with cybersecurity breaches and prevent unauthorized access to their sensitive data and networks.
Concerns Associated With Cyber Insurance Compliance
Cyber Insurance coverage can be unclear and confusing. It’s hard to understand what is covered and what is not, so you need to be certain you are picking the right coverage.
The policies are complex and possess certain constraints and limitations that can be difficult for businesses to interpret. It is vital that you adhere to and fulfill all policy requirements to ensure your claims are not denied.
NIST CyberSecurity Framework
The National Institute of Standards and Technology (NIST) has developed a framework called the CyberSecurity Framework (CSF) to streamline cybersecurity for private sector businesses. NIST CSF is a set of voluntary standards, recommendations and best practices that are designed to help organizations prevent, identify, detect, respond to and recover from cyberattacks.
Concerns Associated With NIST Compliance
Most businesses do not possess in-house expertise to safely adhere to NIST CSF requirements.
Businesses need to understand their unique cybersecurity risks and vulnerabilities to properly design, implement and manage their security programs and best practices.
The Cybersecurity Maturity Model Certification or CMMC, is a unified standard implemented by the U.S. Department of Defense (DoD) to regulate the cybersecurity measures of contractors working for the U.S. military. The CMMC is the DoD's response to significant compromises of sensitive defense information located on contractors' information systems. Contractors working across the defense industrial base (DIB) will now be required to implement and continuously maintain a series of strict cybersecurity guidelines demonstrating adequate cyber hygiene, adaptability against malicious cyberthreats and proper data protection strategies.
Concerns Associated With CMMC Compliance
All businesses working for the DoD along any point of the supply chain are required to comply.
Minimum, interim rule demonstrating alignment with NIST SP 800-171 standards went into effect November 30th, 2020, with a full implementation target of 2025.
Each tier of the certification is a prerequisite for the following tier to pass.
CMMC compliance will be required by all contractors of the DoD by 2025.
Failure to comply with the required Systems Security Plan (SSP) and Plan of Action and Milestones (POA&M) could result in contract performance issues and/or breach of contract.
EMAIL OR CALL TO LEARN MORE ABOUT COMPLIANCE MANAGEMENT
Antonio A. (Tony) Rucci